Insider Selling: Universal Display Insider Sells 13,336 Shares of Stock (OLED)
Universal Display (NASDAQ:OLED) Insider Julia J. Brown sold 13,336 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $35.00, for a total value of $466,760.00. Following the completion of the transaction, the insider now directly owns 226,498 shares in the company, valued at approximately $7,927,430. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on OLED shares. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Universal Display in a research note on Thursday, June 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Universal Display presently has an average rating of “Buy” and a consensus price target of $34.30.
Universal Display (NASDAQ:OLED) traded down 1.03% on Friday, hitting $36.58. The stock had a trading volume of 165,576 shares. Universal Display has a 1-year low of $22.69 and a 1-year high of $39.74. The stock has a 50-day moving average of $32.48 and a 200-day moving average of $30.56. The company has a market cap of $1.700 billion and a P/E ratio of 19.67.
Universal Display (NASDAQ:OLED) last released its earnings data on Thursday, August 7th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.04. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $61.61 million. During the same quarter last year, the company posted $0.33 earnings per share. Universal Display’s revenue was up 29.8% compared to the same quarter last year.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (NASDAQ:OLED), technologies and materials.
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